CC Collier Holdings, LLC - Jan 8, 2021 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
10%+ Owner
Signature
/s/ Chinh E. Chu as Authorized Signatory
Stock symbol
UTZ
Transactions as of
Jan 8, 2021
Transactions value $
$2,649,640
Form type
4
Date filed
11/16/2021, 05:22 AM
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Common Stock Exercise of in-the-money or at-the-money derivative security $2.67M +232K +4.63% $11.50 5.24M Jan 8, 2021 Direct F1, F4
transaction UTZ Common Stock Sale -$18.4K -1.02K -0.02% $18.00 5.24M Nov 11, 2021 Direct F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UTZ Warrants to purchase Class A Common Stock Exercise of in-the-money or at-the-money derivative security $0 -232K -100% $0.00* 0 Jan 8, 2021 Class A Common Stock 232K $11.50 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 14, 2021 the reporting person exercised warrants to purchase a total of 232,000 shares of the Issuer's common stock for $11.50 per share.
F2 The sale reported in this row was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2021.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18 to $18.01. The reporting person undertakes to provide to the Issuer, any security holders of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
F4 The securities reported on this report are held directly by the reporting person. Chinh E. Chu holds voting and dispositive power over the securities held by the reporting person; Mr. Chu has separately reported his beneficial ownership over the securities included herein.
F5 The warrants are exercisable at any time and were scheduled to expire on August 28, 2025 or earlier upon redemption or the liquidation of the Issuer.